Principal Government & High Qual Bd R2
Name
As of 03/01/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
0.0%
3 Yr Avg Return
3.2%
5 Yr Avg Return
1.6%
Net Assets
$1.48 B
Holdings in Top 10
60.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 84.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/01/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PFMRX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.14%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Government & High Quality Bond Fund
-
Fund Family NamePrincipal Funds
-
Inception DateDec 15, 2008
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBryan Davis
Fund Description
PFMRX - Performance
Return Ranking - Trailing
Period | PFMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -4.9% | 7.0% | 3.35% |
1 Yr | 0.0% | -2.0% | 6.4% | 86.31% |
3 Yr | 3.2%* | 2.1% | 7.2% | 91.60% |
5 Yr | 1.6%* | 0.4% | 3.7% | 87.71% |
10 Yr | 2.1%* | 0.7% | 6.3% | 79.65% |
* Annualized
Return Ranking - Calendar
Period | PFMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.5% | -1.3% | 8.8% | 97.85% |
2022 | 3.5% | -48.1% | 7.1% | 40.43% |
2021 | -2.1% | -5.4% | 0.2% | 72.48% |
2020 | -1.9% | -2.4% | 0.7% | 93.00% |
2019 | -2.1% | -9.3% | 0.0% | 87.43% |
Total Return Ranking - Trailing
Period | PFMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -4.9% | 7.0% | 3.35% |
1 Yr | 0.0% | -5.9% | 6.4% | 70.12% |
3 Yr | 3.2%* | 1.5% | 7.2% | 78.57% |
5 Yr | 1.6%* | 0.3% | 3.7% | 78.81% |
10 Yr | 2.1%* | 0.7% | 6.3% | 73.59% |
* Annualized
Total Return Ranking - Calendar
Period | PFMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.5% | -1.3% | 8.8% | 97.85% |
2022 | 3.5% | 0.3% | 7.1% | 45.65% |
2021 | -2.1% | -3.4% | 2.0% | 80.73% |
2020 | -1.9% | -2.4% | 4.6% | 95.50% |
2019 | -2.1% | -9.3% | 1.5% | 91.10% |
NAV & Total Return History
PFMRX - Holdings
Concentration Analysis
PFMRX | Category Low | Category High | PFMRX % Rank | |
---|---|---|---|---|
Net Assets | 1.48 B | 15.1 M | 27.2 B | 42.62% |
Number of Holdings | 487 | 10 | 15140 | 45.90% |
Net Assets in Top 10 | 673 M | 4.87 M | 9.41 B | 38.52% |
Weighting of Top 10 | 60.57% | 8.9% | 100.0% | 13.04% |
Top 10 Holdings
- Principal Government Money Market Instl 16.08%
- Federal National Mortgage Association 10.53%
- Federal National Mortgage Association 8.57%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
- US 10YR NOTE (CBT)MAR21 7.75%
Asset Allocation
Weighting | Return Low | Return High | PFMRX % Rank | |
---|---|---|---|---|
Bonds | 96.24% | 70.84% | 139.17% | 40.98% |
Cash | 3.76% | -39.71% | 24.43% | 55.74% |
Stocks | 0.00% | -0.01% | 0.52% | 24.59% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 24.59% |
Other | 0.00% | 0.00% | 20.65% | 32.38% |
Convertible Bonds | 0.00% | 0.00% | 29.09% | 26.23% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PFMRX % Rank | |
---|---|---|---|---|
Securitized | 75.42% | 0.00% | 99.98% | 29.10% |
Cash & Equivalents | 24.33% | 0.00% | 41.48% | 19.26% |
Government | 0.25% | 0.00% | 100.00% | 77.87% |
Derivative | 0.00% | 0.00% | 14.59% | 31.56% |
Corporate | 0.00% | 0.00% | 24.68% | 54.10% |
Municipal | 0.00% | 0.00% | 13.85% | 41.39% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PFMRX % Rank | |
---|---|---|---|---|
US | 96.24% | 70.84% | 138.14% | 37.70% |
Non US | 0.00% | 0.00% | 7.04% | 53.28% |
PFMRX - Expenses
Operational Fees
PFMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.03% | 2.63% | 27.27% |
Management Fee | 0.50% | 0.00% | 0.85% | 82.79% |
12b-1 Fee | 0.30% | 0.00% | 1.00% | 56.45% |
Administrative Fee | 0.20% | 0.01% | 0.45% | 92.23% |
Sales Fees
PFMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
PFMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PFMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 84.30% | 1.38% | 421.00% | 47.67% |
PFMRX - Distributions
Dividend Yield Analysis
PFMRX | Category Low | Category High | PFMRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.35% | 0.00% | 8.68% | 26.23% |
Dividend Distribution Analysis
PFMRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PFMRX | Category Low | Category High | PFMRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.14% | -0.46% | 3.38% | 78.45% |
Capital Gain Distribution Analysis
PFMRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 31, 2019 | $0.019 | |
Jun 28, 2019 | $0.018 | |
May 31, 2019 | $0.021 | |
Apr 30, 2019 | $0.019 | |
Mar 29, 2019 | $0.019 | |
Feb 28, 2019 | $0.015 | |
Jan 31, 2019 | $0.019 | |
Dec 31, 2018 | $0.019 | |
Nov 30, 2018 | $0.020 | |
Oct 31, 2018 | $0.019 | |
Aug 31, 2018 | $0.021 | |
Jul 31, 2018 | $0.020 | |
Jun 29, 2018 | $0.020 | |
May 31, 2018 | $0.021 | |
Apr 30, 2018 | $0.020 | |
Mar 29, 2018 | $0.021 | |
Feb 28, 2018 | $0.018 | |
Jan 31, 2018 | $0.020 | |
Dec 29, 2017 | $0.021 | |
Nov 30, 2017 | $0.019 | |
Oct 31, 2017 | $0.006 | |
Sep 29, 2017 | $0.021 | |
Aug 31, 2017 | $0.027 | |
Jul 31, 2017 | $0.027 | |
Jun 30, 2017 | $0.030 | |
May 31, 2017 | $0.031 | |
Apr 28, 2017 | $0.029 | |
Mar 31, 2017 | $0.034 | |
Feb 28, 2017 | $0.028 | |
Jan 31, 2017 | $0.029 | |
Dec 30, 2016 | $0.034 | |
Nov 30, 2016 | $0.031 | |
Oct 31, 2016 | $0.025 | |
Sep 30, 2016 | $0.033 | |
Aug 31, 2016 | $0.031 | |
Jul 29, 2016 | $0.032 | |
Jun 30, 2016 | $0.030 | |
May 31, 2016 | $0.029 | |
Apr 29, 2016 | $0.029 | |
Mar 31, 2016 | $0.029 | |
Feb 29, 2016 | $0.027 | |
Jan 29, 2016 | $0.025 | |
Dec 31, 2015 | $0.032 | |
Nov 30, 2015 | $0.027 | |
Oct 30, 2015 | $0.028 | |
Sep 30, 2015 | $0.024 | |
Aug 31, 2015 | $0.023 | |
Jul 31, 2015 | $0.024 | |
Jun 30, 2015 | $0.022 | |
May 29, 2015 | $0.022 | |
Apr 30, 2015 | $0.020 | |
Mar 31, 2015 | $0.020 | |
Feb 27, 2015 | $0.018 | |
Jan 30, 2015 | $0.020 | |
Dec 31, 2014 | $0.020 | |
Nov 28, 2014 | $0.017 | |
Oct 31, 2014 | $0.022 | |
Sep 30, 2014 | $0.021 | |
Aug 29, 2014 | $0.024 | |
Jul 31, 2014 | $0.023 | |
Jun 30, 2014 | $0.022 | |
May 30, 2014 | $0.024 | |
Apr 30, 2014 | $0.023 | |
Mar 31, 2014 | $0.022 | |
Feb 28, 2014 | $0.021 | |
Jan 31, 2014 | $0.024 | |
Dec 31, 2013 | $0.024 | |
Nov 29, 2013 | $0.025 | |
Oct 31, 2013 | $0.021 | |
Sep 30, 2013 | $0.020 | |
Aug 30, 2013 | $0.025 | |
Jul 31, 2013 | $0.024 | |
Jun 28, 2013 | $0.022 | |
May 31, 2013 | $0.025 | |
Apr 30, 2013 | $0.023 | |
Mar 28, 2013 | $0.024 | |
Feb 28, 2013 | $0.022 | |
Jan 31, 2013 | $0.024 | |
Dec 31, 2012 | $0.025 | |
Nov 30, 2012 | $0.024 | |
Oct 31, 2012 | $0.026 | |
Sep 28, 2012 | $0.024 | |
Aug 31, 2012 | $0.031 | |
Jul 31, 2012 | $0.029 | |
Jun 29, 2012 | $0.031 | |
May 31, 2012 | $0.031 | |
Apr 30, 2012 | $0.029 | |
Mar 30, 2012 | $0.032 | |
Feb 29, 2012 | $0.029 | |
Jan 31, 2012 | $0.031 | |
Dec 30, 2011 | $0.035 | |
Nov 30, 2011 | $0.030 | |
Oct 31, 2011 | $0.025 | |
Sep 30, 2011 | $0.029 | |
Aug 31, 2011 | $0.028 | |
Jul 29, 2011 | $0.030 | |
Jun 30, 2011 | $0.030 | |
May 31, 2011 | $0.030 | |
Apr 29, 2011 | $0.033 | |
Mar 31, 2011 | $0.033 | |
Feb 28, 2011 | $0.030 | |
Jan 31, 2011 | $0.032 | |
Dec 31, 2010 | $0.045 | |
Nov 30, 2010 | $0.033 | |
Oct 29, 2010 | $0.032 | |
Sep 30, 2010 | $0.031 | |
Aug 31, 2010 | $0.032 | |
Jul 30, 2010 | $0.034 | |
Jun 30, 2010 | $0.032 | |
May 28, 2010 | $0.031 | |
Apr 30, 2010 | $0.030 | |
Mar 31, 2010 | $0.033 | |
Feb 26, 2010 | $0.037 | |
Jan 29, 2010 | $0.035 | |
Dec 31, 2009 | $0.042 | |
Nov 30, 2009 | $0.036 | |
Oct 30, 2009 | $0.036 | |
Sep 30, 2009 | $0.034 | |
Aug 31, 2009 | $0.032 | |
Jul 31, 2009 | $0.036 | |
Jun 30, 2009 | $0.035 | |
May 29, 2009 | $0.035 | |
Apr 30, 2009 | $0.035 | |
Mar 31, 2009 | $0.037 | |
Feb 27, 2009 | $0.039 | |
Jan 30, 2009 | $0.039 | |
Dec 31, 2008 | $0.023 |
PFMRX - Fund Manager Analysis
Managers
Bryan Davis
Start Date
Tenure
Tenure Rank
Oct 17, 2019
1.37
1.4%
Davis is a senior trader/research analyst for Principal Global Investors. He is responsible for trading mortgage-backed securities and developing investment strategies related to mortgages and derivatives. Davis joined the firm in 1993 as a servicing valuation director for Principal Residential Mortgage. He earned a bachelor’s degree in Finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst esignation and is a member of the CFA Institute.
Zach Gassmann
Start Date
Tenure
Tenure Rank
Oct 17, 2019
1.37
1.4%
Zach Gassmann has been with Principal® since 2007. He received a master’s degree in financial management from Drake University and a bachelor’s degree in accounting from Simpson College. Mr. Gassmann has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 30.38 | 8.5 | 6.1 |